Enabling Sub-Sovereign Bond Issuances

Feb 01, 2009 | Chemonics International Inc. | USAID
The objective of this paper is to provide U.S. government program designers with a basis of technical understanding of sub-national finance as a sustainable approach to supporting local government infrastructure development and improved service delivery. This primer emphasizes municipal bonds specifically as an ideal sub-sovereign financing instrument. As such, the primer includes models to consider, lessons learned, and tools to evaluate potential interventions in sub-national finance.